WINTON GROUP Ltd Purchases 25,350 Shares of HDFC Bank Limited $HDB

WINTON GROUP Ltd boosted its position in HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 50,700 shares of the bank’s stock after purchasing an additional 25,350 shares during the quarter. WINTON GROUP Ltd’s holdings in HDFC Bank were worth $1,732,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after purchasing an additional 379 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after buying an additional 322 shares in the last quarter. Accent Capital Management LLC boosted its stake in HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares during the period. Clearstead Advisors LLC boosted its stake in HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after buying an additional 739 shares during the period. Finally, J.Safra Asset Management Corp grew its position in HDFC Bank by 100.0% during the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after buying an additional 510 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Performance

HDFC Bank stock opened at $29.46 on Wednesday. HDFC Bank Limited has a fifty-two week low of $28.65 and a fifty-two week high of $39.81. The stock has a market cap of $150.30 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.24 and a beta of 0.56. The firm’s fifty day moving average price is $32.76 and its 200-day moving average price is $34.70.

Analysts Set New Price Targets

HDB has been the topic of a number of research analyst reports. Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).